National Stock Exchange (NSE) Unlisted Shares
NSE to expand in Mumbai’s BKC; allotted additional plot for Rs 758 crore
Indian Express
2 min read
NSE Secures ₹757.90 Cr BKC Plot for Major Expansion.
Expert Analysis:
Land Allocation Approval: MMRDA granted post-facto approval to allocate Plot C-82 in G Block to NSE for a new administrative building.
Lease Details & Purpose: The 80-year lease, with a premium of Rs 757.90 crore, fulfills NSE’s October 2024 request for 4–5 lakh sq ft of additional space.
Government Approval: The Offer letter was issued on March 7 after approval from Dy CM Eknath Shinde, supporting BKC’s growth as a financial hub.
Approval & Issuance: NSE received the offer letter for Plot C-82 on March 7 after approval from Deputy CM Eknath Shinde to boost BKC.
Plot Specifications: The 5,500 sq m plot allows 4.00 FSI with 22,000 sq m buildable area; additional FSI can be availed by paying a premium.
Operational Impact: MMRDA Commissioner Dr. Sanjay Mukherjee stated the allocation will boost NSE’s operational capacity and strengthen BKC’s commercial ecosystem.
NSE secured a 5,500-square-meter plot in BKC for ₹757.90 crore to expand its capacity.
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